The Advisors' Blog

This blog features wisdom from respected compensation consultants and lawyers

May 8, 2008

Going Forward: The Link Between Executive Rewards and Talent Management

I recently wrote an article – “Long-Term Compensation Planning for High-Potential Employees” – whose theme is that a longer term view of rewards, focused on wealth accumulation, will be the competitive advantage companies need in competing for key or high potential talent for the future. In other words, simply providing competitive pay will not provide a sufficient advantage, and companies cannot continue to bid up wages for skills in short supply. I also observe and read that the talent management strategy of most big companies is shifting back to an internal strategy (make vs. buy). With this shift comes the opportunity to again look at levels of pay, and especially wealth accumulation, longer term. Let me know what you think.

Eric Marquardt